Benjamin Garden on Simple vs. Compound Interest in Finance – The Central Equilibrium – Episode 5

I am so pleased to publish this new episode of “The Central Equilibrium“, featuring Benjamin Garden.  He talked about simple and compound interest in the context of finance and investment, highlighting the power of compound interest to grow your money and to enlarge debt from credit cards.  We compared the formulas for calculating the accrued amounts under simple and compound interest, and we derived the formula for the Rule of 72, a short-cut to estimate the length of time needed to double your investment under compound interest.

Check out Ben’s blog, Twitter account (@GardenBenjamin), and Instagram account (@ben.garden) to get more advice about managing your money!

Part 1:

 

Part 2:

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